Judge Accepts Auction Of Hard Rock Park Print E-mail
Friday, 21 November 2008 14:21

hardrockpark Get your checkbooks ready. A Delaware bankruptcy judge on Thursday approved Hard Rock Park's proposal to auction itself off to the highest bidder reportss The Sun News.

The park, which called itself the world's first rock 'n' roll theme park when it opened in April, ended its ride in September when it closed and filed for Chapter 11 bankruptcy.

Now the park is accepting opening bids - minimum: $35 million - until Dec. 12. The park's lawyers are slated to host the final auction Dec. 15 for approved bidders.

Also this week the park filed papers chock full of financial details as part of its bankruptcy proceedings. The hundreds of pages included an inventory of the park's merchandise, balances of checking accounts and payments made to "insiders."

The merchandise includes logo apparel and thousands of other items that stocked the shelves of stores that greeted parkgoers at the end of rides.

A list of its personal property includes items as mundane as a black coffee pot; as eclectic as a tiki bar; and as functional as laptops, phone systems and a security system.

Read more here.

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Last Updated on Friday, 21 November 2008 14:21